West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(6.5%)	$4,413,500
Net Lumpsum Payment	$38,403,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$146,747	$1,315,242
2	$2,370,600	-$837,452 -$154,089	$1,379,059
3	$2,489,100	-$881,297 -$161,792	$1,446,011
4	$2,613,600	-$927,362 -$169,884	$1,516,354
5	$2,744,250	-$975,703 -$178,376	$1,590,171
6	$2,881,500	-$1,026,485 -$187,298	$1,667,717
7	$3,025,500	-$1,079,765 -$196,658	$1,749,077
8	$3,176,850	-$1,135,765 -$206,495	$1,834,590
9	$3,335,700	-$1,194,539 -$216,821	$1,924,340
10	$3,502,500	-$1,256,255 -$227,663	$2,018,582
11	$3,677,550	-$1,321,024 -$239,041	$2,117,485
12	$3,861,450	-$1,389,067 -$250,994	$2,221,389
13	$4,054,500	-$1,460,495 -$263,543	$2,330,462
14	$4,257,300	-$1,535,531 -$276,725	$2,445,044
15	$4,470,150	-$1,614,286 -$290,560	$2,565,304
16	$4,693,650	-$1,696,981 -$305,087	$2,691,582
17	$4,928,250	-$1,783,783 -$320,336	$2,824,131
18	$5,174,700	-$1,874,969 -$336,356	$2,963,375
19	$5,433,450	-$1,970,707 -$353,174	$3,109,569
20	$5,705,100	-$2,071,217 -$370,832	$3,263,051
21	$5,990,400	-$2,176,778 -$389,376	$3,424,246
22	$6,289,950	-$2,287,612 -$408,847	$3,593,491
23	$6,604,350	-$2,403,940 -$429,283	$3,771,127
24	$6,934,650	-$2,526,151 -$450,752	$3,957,747
25	$7,281,300	-$2,654,411 -$473,285	$4,153,604
26	$7,645,500	-$2,789,165 -$496,958	$4,359,377
27	$8,027,700	-$2,930,579 -$521,801	$4,575,320
28	$8,429,100	-$3,079,097 -$547,892	$4,802,111
29	$8,850,600	-$3,235,052 -$575,289	$5,040,259
30	$9,293,100	-$3,398,777 -$604,052	$5,290,271